💥Emergency update #BTC 💥
🚀Trading idea: $BTC Price has broken above
🔻Downward trend line and returned through📈
200 SMA (Golden Cross)!✅ Also, the large price gap between $74,000 and $90,000 (after the US elections) has been fully filled — indicating strong interest from buyers!
💰Plan: Look for a buy if the price re-tests near $90,000, with a goal of reaching $100,000 (+10% rise).
📚Pattern (what's happening?):
✨Resistance breakout → When the price breaks above resistance, it means📈 that buyers are stronger than sellers.
⚡After breaking resistance, the price often moves towards the next resistance level — which is now $100,000.
📊Trend overview:
📈Short-term trend: Strong upward movement
✅(Buyers are ahead!)
📈Medium-term trend: Upward
✅(Momentum is increasing)
🔻Long-term trend: Still bearish
❌(But signs of recovery are appearing)
💥Momentum update:
🟢MACD indicator is bullish — MACD line is above the signal line (good news!)
but📉 the chart bars are shrinking, indicating that momentum is slowing down a bit.
⚖️ RSI (Relative Strength Index) is neutral — the price is neither overbought nor oversold (safe zone between 30–70).
🛡️Support and resistance levels:
Support areas:
🛑$75,000 — The first place to watch if the price drops.
🛑$60,000 — stronger backup support if things worsen.
Resistance areas:
🎯$100,000 — Immediate price target!
🎯$108,000 — the next major resistance if it breaks $100,000!
📝Summary for traders:
👉Price action is turning bullish with strong buying pressure.
👉Buying opportunities at pullbacks near $90,000.
👉Target 1: $100,000 🎯
👉Target 2 (bonus): $108,000 🎯
👉Stop-loss idea: If the price drops below $75,000, be cautious or exit
🌟Final advice:
Patience is key! Wait for a good test near $90,000 — don't chase high prices.📈
Take a little risk, and target wisely